TERMINUS 50 LIMITED
⚰️Wound downdissolved
02385053 · ltd · incorporated 1989-05-16
Investment thesis
Company dissolved — not a live target.
Why interesting: Historical record only; useful for precedent research.
Why risky: Not transactable.
🔒Estimated value
—
Upgrade to see
Turnover
—
not disclosed
Net worth
—
book net assets
Opportunity
63/100
Worth a look
What this business does
Primary activity: SIC 7415
Sector: Professional, scientific & technical
Investor take
Pass (distressed without resilience)Distressed unclear — structural issues outweigh the discount.
Opportunity 63/100 (worth a look), bankability 72/100. Strong seller-intent signal (68/100, director aged 69). Biggest value-creation lever: Consolidate lender relationships. 19 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: share sale to pe / searcher (65/100).
🏦
Refinance opportunity
20 live charges · 19 lenders · oldest 37.4y
25/100
too messy
Structure is too messy for a clean refinance right now — clean up first or expect bespoke terms.
- · Oldest live charge is 37.4 years old — likely at or near maturity.
- · 19 lenders named — inter-creditor friction likely.
- · Legal-friction score 45/100 (high).
Data confidence
Overall: low (53/100)Sparse data coverage. Treat AI-generated outputs as preliminary. Manual diligence essential.
Company profile
address, 1 SIC codes, incorporation date
100
Financials
No iXBRL financials extracted
0
Lenders & charges
20 charges (20/20 with lender, 20/20 with type)
90
Directors & officers
33 officers (5 active, 33 linked, 31 with DOB)
89
Ownership & PSC
No PSCs filed (unusual — worth investigating)
35
Director network
25 connected companies via shared directors
90
Filing history
216 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
63/100Worth a look
PassWatchWorth a lookStrongExceptional
Mixed signal. Worth opening the full target workup before deciding to pursue.
Business quality
30
Concerning — overdue filings or status flags present.
Acquirability
85
Strong succession / seller-readiness signals.
Risk profile
59
Some moderate concerns — review flags.
Signal strength
100
Good data coverage for analysis.
Recent activity
Last 30 days
0
filings
Last 90 days
0
filings
Last 180 days
0
filings
Counts from Companies House filing history.
Corporate timeline (117 events)Click to expand
- 2012-01-31📄gazette-dissolved-voluntarygazette · GAZ2(A)
- 2012-01-31🏁Company dissolved
- 2011-10-18📄gazette-notice-voluntarygazette · GAZ1(A)
- 2011-10-05📄dissolution-application-strike-off-companydissolution · DS01
- 2011-06-22📄change-account-reference-date-company-previous-extendedaccounts · AA01
- 2011-05-20✏️certificate-change-of-name-companychange-of-name · CERTNM
- 2011-05-12✏️change-of-name-noticechange-of-name · CONNOT
- 2011-04-28📄legacymortgage · MG02
- 2011-04-28📄legacymortgage · MG02
- 2011-04-28📄legacymortgage · MG02
- 2011-04-21🔓Charge satisfied #20
- 2011-04-21🔓Charge satisfied #19
- 2011-04-21🔓Charge satisfied #18
- 2011-04-20📄legacymortgage · MG02
- 2011-04-20📄legacymortgage · MG02
- 2011-04-20📄legacymortgage · MG02
- 2011-04-20📄legacymortgage · MG02
- 2011-04-20📄legacymortgage · MG02
- 2011-04-20📄legacymortgage · MG02
- 2011-04-20📄legacymortgage · MG02
- 2011-04-20📄legacymortgage · MG02
- 2011-04-20📄legacymortgage · MG02
- 2011-04-15🔓Charge satisfied #17
- 2011-04-15🔓Charge satisfied #16
- 2011-04-15🔓Charge satisfied #15
- 2011-04-15🔓Charge satisfied #14
- 2011-04-15🔓Charge satisfied #13
- 2011-04-15🔓Charge satisfied #12
- 2011-04-15🔓Charge satisfied #11
- 2011-04-15🔓Charge satisfied #6
- 2011-04-15🔓Charge satisfied #8
- 2010-10-20📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2010-02-06📄accounts-with-accounts-type-dormantaccounts · AA
- 2009-11-09📄annual-return-company-with-made-up-date-full-list-shareholdersannual-return · AR01
- 2009-10-26📄change-person-secretary-company-with-change-dateofficers · CH03
- 2009-10-22📄change-person-director-company-with-change-dateofficers · CH01
- 2009-05-01📄legacyofficers · 288a
- 2009-04-30📄legacyofficers · 288b
- 2009-04-09➕JOHNSTON, Peter Douglas appointeddirector
- 2009-04-09➖TIMMINS, Richard Keith resigneddirector
- 2008-11-26🔒Charge registered #20Lender: J.P. Morgan Europe Limited as Agent and Trustee for the Benefit of the Lenders
- 2008-11-25🔒Charge registered #19Lender: J.P. Morgan Europe Limited as Agent and Trustee for the Benefit of the Lenders
- 2008-01-07➕TIMMINS, Richard Keith appointeddirector
- 2007-09-28➖BROWN, Robert Michael resigneddirector
- 2007-08-10➖JOHNSTON, Peter Douglas resigneddirector
- 2006-12-13🔒Charge registered #18Lender: J.P.Morgan Europe Limited for Itself and as Agent and Trustee for Each of the Secured Creditors
- 2006-11-25🔓Charge satisfied #5
- 2006-09-27🔒Charge registered #17Lender: Lloyds Tsb Bank PLC
- 2005-02-25➖WALMSLEY, Thomas Michael resigneddirector
- 2004-10-28🔒Charge registered #16Lender: J.P. Morgan Europe Limited (Formerly Chase Manhattan International Limited) as Security Trusteefor Itself and the Other Secured Parties or Such Other Person as May from Time to Time Be Appointed Security Trustee
Showing most recent 50 of 117 events
Owner dependency
65/100
High — earn-out structure requiredMaterial founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.
FACTORS
- -4 active directors: Broader management team in place — suggests transferable governance.
- +Long-tenure founder: Senior director has been in place 25 years — deep operational knowledge concentrated in one person.
- +Founder age: Director aged approximately 69 — succession pressure is live.
Succession & seller-readiness
80/100
Likely off-market candidateStrong acquirability signals converging. Worth approaching directly — this is how off-market deals start.
SIGNALS
- primaryFounder aged 63+: Senior director is approximately 69. Approaching typical UK retirement age — succession thinking likely.
- primary20+ year tenure: Director in role 25 years. Very long tenure is a classic succession signal.
- secondaryStable-but-static management: Company is 37 years old and no new directors in the last 3 years — succession not yet being planned internally.
- supportingClean filings + long tenure: Disciplined long-tenure operator — classic lifestyle-business pattern that often sells quietly.
Red flags
1 high · 1 med ·Company dissolved
highCompany has been dissolved — it no longer legally exists. Any diligence here is historical only.
Evidence: Dissolved on 2012-01-31
Charge satisfaction-then-recreation pattern
mediumMultiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.
🔒Co-director network graph
Radial SVG graph showing every company connected via shared directors, colour-coded by status.
Available from the Pro tier upwards.
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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions
8 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.
Available from the Pro tier upwards.
See pricing →🔒Advanced scoring suite
Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.
Available from the Pro tier upwards.
See pricing →Company details
Statusdissolved
Typeltd
Incorporated1989-05-16
Jurisdictionengland-wales
Primary SIC7415 — SIC 7415
Registered office
1 Apex Business Centre
Boscombe Road
Dunstable
Bedfordshire
LU5 4SB
Filing status
Accounts
Next due: —
Last made up to: 2009-09-30
Confirmation statement
Next due: —
Last: —
Officers (0 active · 28 resigned)
Active
GOODWIN, Alan James→
Activedirector · ~60y · appointed 2004-06-11
View their other companies + combined net worth →
HEARN, Catherine Ann→
Activedirector · ~69y · appointed 2002-08-01
View their other companies + combined net worth →
HIBBERT, Barry Alan→
Activedirector · ~66y · appointed 2001-07-30
View their other companies + combined net worth →
JOHNSTON, Peter Douglas→
Activedirector · ~63y · appointed 2009-04-09
View their other companies + combined net worth →
BRIDGES, Clive→
Resignedsecretary · resigned 2004-06-11
BATTON, Andrew→
Resigneddirector · ~65y · appointed 2000-06-19 · resigned 2002-01-28
BEATTIE, David Martin→
Resigneddirector · ~86y · resigned 1996-12-31
BEESE, Richard John→
Resigneddirector · ~86y · appointed 1993-05-19 · resigned 1996-06-01
BRAMLEY, Christopher John→
Resigneddirector · ~82y · appointed 1996-11-01 · resigned 1998-04-01
BRIDGES, Clive→
Resigneddirector · ~81y · appointed 1993-07-20 · resigned 2004-06-11
BROWN, Frederick James→
Resigneddirector · ~78y · resigned 2001-09-17
BROWN, Robert Michael→
Resigneddirector · ~74y · appointed 2000-06-19 · resigned 2007-09-28
CLARK, Angus→
Resigneddirector · ~72y · resigned 1995-12-01
GORDON, Anthony John→
Resigneddirector · ~90y · resigned 1993-09-01
HALL, Anthony→
Resigneddirector · ~65y · appointed 1999-09-30 · resigned 2001-09-20
HARVEY, Christopher David Hammond→
Resigneddirector · ~86y · resigned 2000-06-19
HEALY, Scott→
Resigneddirector · ~76y · resigned 1996-06-01
HEYES, Jeffrey Andrew→
Resigneddirector · ~65y · appointed 1999-09-30 · resigned 2000-06-19
HOLLAND, David Alan→
Resigneddirector · ~79y · appointed 1998-04-01 · resigned 2000-06-19
Click a director name to see their full track record across all companies.
Mortgages & charges
20
Total charges
0
Outstanding
0
Active lenders
Status:Lender:20 of 20 shown
| Type | Properties | |||||
|---|---|---|---|---|---|---|
| satisfied | J.P. Morgan Europe as Agent and Trustee for the Benefit of the Lenders J.P. Morgan Europe Limited as Agent and Trustee for the Benefit of the Lenders | Security agreement | 1 property | 26/11/2008 | 21/04/2011 | |
| satisfied | J.P. Morgan Europe as Agent and Trustee for the Benefit of the Lenders J.P. Morgan Europe Limited as Agent and Trustee for the Benefit of the Lenders | Amendment agreement relating to the security agreement dated 13 december 2006 and | 1 property | 25/11/2008 | 21/04/2011 | |
| satisfied | J.P.Morgan Europe for Itself and as Agent and Trustee for Each of the Secured Creditors J.P.Morgan Europe Limited for Itself and as Agent and Trustee for Each of the Secured Creditors | Security agreement | 1 property | 13/12/2006 | 21/04/2011 | |
| satisfied | Lloyds Banking Group Lloyds Tsb Bank PLC | A deed of admission to an omnibus letter of set-off dated 19TH june 1998 | 1 property | 27/09/2006 | 15/04/2011 | |
| satisfied | J.P. Morgan Europe (Formerly Chase Manhattan International ) as Security Trusteefor Itself and the Other Secured Parties or Such Other Person as May from Time to Time Be Appointed Security Trustee J.P. Morgan Europe Limited (Formerly Chase Manhattan International Limited) as Security Trusteefor Itself and the Other Secured Parties or Such Other Person as May from Time to Time Be Appointed Security Trustee | Restated amendment to the supplemental deed to a composite guarantee and debenture dated 19 june 1998 and dated 4 september 1998 | 1 property | 28/10/2004 | 15/04/2011 | |
| satisfied | J.P. Morgan Europe (Formerly Chase Manhattan International ) or Such Otherperson as May from Time to Time Be Appointed Security Agent and Trustee J.P. Morgan Europe Limited (Formerly Chase Manhattan International Limited) or Such Otherperson as May from Time to Time Be Appointed Security Agent and Trustee | Restated amendment of and accession to the composite guarantee & debenture dated 19/06/98 | 1 property | 28/10/2004 | 15/04/2011 | |
| satisfied | J.P.Morgan Europe ,as Security Trstee for the Secured Parties J.P.Morgan Europe Limited,as Security Trstee for the Secured Parties | A composite guarantee and debenture between polestar,the polestar corporation PLC,certain subsidiaries of polestar and J.P.morgan europe limited | 6 properties | 28/01/2002 | 15/04/2011 | |
| satisfied | Chase Manhattan International (As Security Trustee for Itself and Investcorp Fundinglimited) Chase Manhattan International Limited (As Security Trustee for Itself and Investcorp Fundinglimited) | A composite guarantee and debenture between the chargor, the polestar corporation PLC, certain subsidiaries of the chargor and chase manhattan international limited | 1 property | 26/10/2001 | 15/04/2011 | |
| satisfied | Chase Manhattan International ,as Security Trustee Chase Manhattan International Limited,as Security Trustee | Legal mortgage | 1 property | 07/09/1998 | 15/04/2011 | |
| satisfied | Chase Manhattan International Chase Manhattan International Limited | Composite guarantee and debenture | 1 property | 19/06/1998 | 15/04/2011 | |
| satisfied | Chemical Investment Bank Limitedas Security Agent (As Defined Therein) | Composite guarantee and debenture | 1 property | 28/12/1995 | 26/06/1998 | |
| satisfied | Standard Chartered Bank Thererin)as Agent and Trustee for the Lenders (As Defined | Supplemental deed | 1 property | 28/12/1995 | 26/06/1998 | |
| satisfied | The Governor and Company of the Bank of Scotlandas Agent and Trustee for the Banks (As Defined) | Composite guarantee & debenture | 1 property | 29/12/1989 | 15/04/2011 | |
| satisfied | Standard Chartered Bankdefined)(As Agent and Trustee for the Mezzanine Lenders | Composite guarantee & debenture | 1 property | 29/12/1989 | 25/11/2006 | |
| satisfied | Standard Chartered Bank(As Agent and Trustee for the Mezzanine Lenders) | Guarantee & debenture | 1 property | 29/12/1989 | 26/06/1998 | |
| satisfied | Lloyds Banking Group The Governor and Company of the Bank of Scotland(As Agent and Trustee for the Overdraft Bank) | Guarantee & debenture | 1 property | 29/12/1989 | 22/01/1996 | |
| satisfied | Standard Charted Bankas Agent and Trustee for the Banks and Overdraft Banks as Defined in the Debenture | Guarantee & debenture | 1 property | 13/01/1989 | 15/04/2011 | |
| satisfied | Standard Chartered Banks Defined in the Debentureas Agent and Trustee for the Mezzanine Lenders A | Guarantee & debenture | 1 property | 13/01/1989 | 26/06/1998 | |
| satisfied | The Governor and Company of the Banks of Scotlandraft as Definedas Agent and Trustee for the Banks and the Overd | Composite guarantee & debenture | 1 property | 13/01/1989 | 08/06/1998 | |
| satisfied | Standard Chartered Bankas Agent and Trustee for the Mezzanine Henders | Composite guarantee & debenture | 1 property | 13/01/1989 | 15/07/1998 |
Recent filings (216 total)
gazette-dissolved-voluntary
gazette · GAZ2(A)
2012-01-31
gazette-notice-voluntary
gazette · GAZ1(A)
2011-10-18
dissolution-application-strike-off-company
dissolution · DS01
2011-10-05
change-account-reference-date-company-previous-extended
accounts · AA01
2011-06-22
certificate-change-of-name-company
change-of-name · CERTNM
2011-05-20
change-of-name-notice
change-of-name · CONNOT
2011-05-12
legacy
mortgage · MG02
2011-04-28
legacy
mortgage · MG02
2011-04-28
legacy
mortgage · MG02
2011-04-28
legacy
mortgage · MG02
2011-04-20
legacy
mortgage · MG02
2011-04-20
legacy
mortgage · MG02
2011-04-20
legacy
mortgage · MG02
2011-04-20
legacy
mortgage · MG02
2011-04-20
legacy
mortgage · MG02
2011-04-20